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Yet the Siemens affair also shows how far Europe still lags behind America in prosecuting bribery.
Another reason for the Americans to stay their hands is that the British can do a perfectly good job of prosecuting bribery by themselves.
As Zephyr Teachout commented in a meeting I was part of, hosted by the Coffee Party, those founding fathers were all about independence from corruption and prosecuting bribery.
This will make prosecuting bribery all the harder for brilliant Superman prosecutor Preet Bharara who has spent the last few years doing the yeoman's work of cleaning up the fetid cesspool which is the New York Legislature in Albany.
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The idea was that it's better to simply prohibit gifts than it is to prosecute bribery or corruption later on, an insight that Eisen hopes Trump appreciates.
Mr. Cuomo and district attorneys who joined him at the news conference said the legislation would align state law with federal law to allow district attorneys to prosecute bribery as effectively as federal prosecutors do, a change that has been long sought by district attorneys around the state.
When the Anti-Bribery Convention came into force 15 years ago, the United States was alone in prosecuting foreign bribery cases; now 17 members of the Working Group on Bribery have successfully prosecuted cases, and, in the last five years, more countries have enacted new anti-corruption laws or enhanced existing laws, and we've seen more countries stepping up their enforcement efforts.
Transparency International ranked Germany and France last year as being among the countries that had made the most progress investigating and prosecuting corporate bribery cases.
The state Senate also approved a measure Monday that would extend the statute of limitations for prosecuting public bribery cases from three years after the occurrence of a bribe to three years after the bribe is discovered.
Robert Barrington, executive director of Transparency International, which campaigns against corruption, pointed out that the SFO had not brought a single prosecution under a new law that allows UK companies to be prosecuted for bribery abroad.
Justice Department officials argue that it is in the United States's interest to prosecute corporate bribery wherever it takes place.
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